United States Government Awards Gilat Additional Multi-Million-Dollar Contract for Military Communications Program

Wavestream Ships 5,000^th high-power 50W Ka-band block upconverter to military communications program

Petah Tikva, Israel, November 24, 2020 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its subsidiary Wavestream received a multi-million-dollar order from the United States Government for a military communication program contract. With this award, Wavestream achieves an industry record shipment milestone by surpassing 5,000 units of its high-power 50W Ka-band military Block Upconverter (BUC) to be delivered to this military program.

Gilat Names Adi Sfadia as Gilat’s CEO

Petah Tikva, Israel, November 23, 2020 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, names Adi Sfadia as Gilat’s CEO. Adi Sfadia served as Gilat’s interim CEO since July 2^nd this year and prior to that held the position of Gilat’s CFO, for the past 5 years.

Dov Baharav, Gilat’s Chairman of the Board commented, “I am pleased to report that Adi Sfadia, who assumed the interim CEO position on July 2nd, 2020, has now been appointed as Gilat’s CEO. Adi brings with him a deep understanding and a wealth of experience in the satellite industry, which I believe will bring value to the customers, shareholders and Gilat’s employees. On behalf of the entire Board of Directors, we would like to wish Gilat success under Adi’s capable leadership.”

Gilat Reports Third Quarter 2020 Results

Petah Tikva, Israel – November 10, 2020 – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter ended September 30, 2020.

Third Quarter Key Financial Highlights

• Revenues were $37.3 million; compared to $63.4 million in Q3 2019 and similar to that of the previous quarter.
• GAAP operating loss was $10.9 million compared to operating income of $7.0 million in Q3 2019 and an operating loss of $3.5 million in the previous quarter. The GAAP operating loss in the quarter includes $8.2 million in expenses related to the Comtech merger and litigation and their effects.
• Non-GAAP operating loss in the quarter was $1.9 million compared with operating income of $7.5 million in Q3 2019 and compared to an operating loss of $2.6 million in the previous quarter.

SES and Gilat Expand Partnership with Multi-Million-Dollar Follow-on Order for High-Speed Modems

New modems will deliver multi Gbps throughput, targeting high-end services over SES’s O3b and O3b mPOWER MEO constellations

Petah Tikva, Israel, November 9, 2020 — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that SES and Gilat are expanding their partnership with a multi-million-dollar follow-on order for high-speed modems. Gilat’s modems will deliver multi Gbps throughput, targeting high-end services over SES’s O3b and O3b mPOWER MEO constellations. Gilat’s high-throughput modems will support SES in delivering fiber-equivalent services for government and high-end enterprise solutions.